F&BSGThe Business of F&B.Starbucks Korea swings to KRW45.3 billion loss as sales fall 16.2%
Starbucks Korea reported a third-quarter operating loss of KRW45.3 billion, reversing a KRW60 billion profit a year earlier, as revenue fell 16.2% to KRW679 billion. The company had 2,219 stores at the end of September, 34 more than three months earlier.
What happened
Starbucks Korea reported a third-quarter operating loss of KRW45.3 billion, reversing a KRW60 billion profit a year earlier, as revenue fell 16.2% to KRW679 billion. The company had 2,219 stores at the end of September, 34 more than three months earlier.
Source and editorial note
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